Indian Railway Catering and Tourism Corporation Ltd — earnings calls

IRCTC reported Q1 FY27 revenue from operations of INR1,370 crores, up 18.10% year-on-year, with profit after tax of INR330 crores and EBITDA of INR386 crores, a 2.77% year-on-year decline. Management attributed the EBITDA margin decline to a revenue mix shift toward catering, an additional HR cost of around INR20 crores, and higher direct costs in the ticketing segment. Segment-wise, Catering revenue grew 33.82% to INR732 crores, Internet Ticketing rose 0.5% to INR361 crores, Rail Neer grew 2.83% to INR109 crores, and Tourism grew 13.5% to INR168 crores.

IRCTC reported its highest ever revenue from operations of Rs. 5,215 crores for FY 2025-26, up around 12% year-on-year, with PAT of Rs. 1,393 crores and EBITDA of Rs. 1,666 crores. Q4 FY26 revenue from operations grew 15.05% year-on-year to Rs. 1,460 crores, though profit dipped slightly due to exceptional items including CSR allocation and expected credit loss provisioning. Management discussed segment performance across catering, internet ticketing, tourism and Rail Neer, and addressed capacity expansion plans for Rail Neer plants and a payment aggregator license application.